Business UpdateJun 11, 2026, 08:01 AM
Indonesia Energy President to Update on K-29 Well Drilling
AI Summary
Indonesia Energy Corporation announced that its President, Frank Ingriselli, will provide an update on the drilling of the K-29 well at Kruh Block during a presentation at the Planet MicroCap Conference on June 17, 2026. Pre-drilling operations for the K-29 well have already commenced and remain on schedule. Mr. Ingriselli will travel to Indonesia to be onsite for the drilling operations, emphasizing the importance of the K-29 and WK-5 wells to the company's development strategy and its focus on unlocking value from its Indonesian assets.
Key Highlights
- President Frank Ingriselli to present at Planet MicroCap Conference on June 17, 2026, at 2 PM PDT.
- Pre-drilling operations for the K-29 well at Kruh Block have commenced.
- Drilling operations for the K-29 well remain on schedule as announced on June 10.
- President Ingriselli will travel to Indonesia to be onsite for the K-29 well drilling commencement.
- The K-29 and follow-on WK-5 wells are key milestones in the company's development strategy.
- Company aims to unlock value from its Indonesian asset portfolio, including Kruh Block (63,000 acres) and Citarum Block (195,000 acres).
- Management believes attractive assets, disciplined execution, and supportive oil prices will create long-term shareholder value.
Price Impact
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